09-17-2020: Home-builder Sentiment Soars To Record High, But There Is A Red Flag
InvestTalk
Hosts Justin Klein & Luke Guerrero, CFA | Wealth Managers and Investment Advisors
4.4 • 1.5K Ratings
🗓️ 17 September 2020
⏱️ 47 minutes
🧾️ Download transcript
Summary
Builder confidence in the single-family home market again reached its highest reading in the survey’s 35-year history-- but there may be a catch.
Today's Stocks & Topics: Unity Technologies IPO, TEVA - Teva Pharmaceutical Industries Ltd. ADR, BMY - Bristol Myers Squibb Co., Investing Accounts, Lower Rates, EHTH - eHealth Inc., MCD - McDonald's Corp., Steven Mnuchin Qualifications, ABBV - AbbVie Inc., MYL - Mylan N.V.
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Transcript
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| 0:00.0 | This podcast is produced by KPP Financial, Steve Peasley President, |
| 0:10.4 | KPP Financial, Independent thinking, shared success. |
| 0:15.0 | And now today's podcast. |
| 0:17.0 | Good afternoon fellow investors and welcome to Invest Talk. This is our |
| 0:26.8 | Thursday September 17th 2020 edition of Invest Talk. I thank you all for tuning in this hour. I'm going to do my very best to make it as |
| 0:38.0 | informative and instructive for you as possible. We know there's a lot going on in the markets and the |
| 0:45.0 | market profile is changing somewhat as we power towards the end of the |
| 0:51.0 | quarter, right? Only nine more trading days in the quarter in the end of the quarter right only nine more trading days in the |
| 0:54.0 | quarter in the month of September which means we're into the fourth almost into the |
| 0:58.0 | fourth and final trading quarter of the year and there's been a lot of unprecedented events so far in the past |
| 1:07.4 | three quarters and we know there's probably going to be a few more before the year is out. |
| 1:13.7 | Why? Because it's a very contentious election season. |
| 1:17.5 | And you need to be prepared for volatility. |
| 1:20.9 | And that's what you're starting to see now where like I've been |
| 1:24.9 | saying for a little while I'm seeing signs of the growth side of the market the |
| 1:29.1 | exciting areas of the market the areas where most new investors are playing. |
| 1:36.8 | That's kind of unwinding and it's been unwinding here for, let's see, three, six, nine nine about 11 trading days or so and we broke below the 50 day |
| 1:49.0 | moving average in the growth first value trade still above the hundred but that's the next line in the sand. |
| 1:56.7 | Do we break it? |
| 1:59.7 | Have we seen the peak in the text docs, right? |
| 2:04.3 | We have had a few big IPOs at massive valuations, |
| 2:09.6 | just absurd 200 times sales type of valuations which frankly you only see when investors |
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